Forget cryptocurrencies and Blockchain - investors may want to consider putting their money into LEGO blocks, which appreciate faster than even gold, according to a recent study that comes to change the way parents will now view the scattered blocks in their children's rooms.
Researchers at Moscow's Higher School of Economics found that retired LEGO sets appreciated in value 11% annually from 1987 to 2015, which is faster and better than that of gold, stocks, bonds, philatelic brands and wines.
LEGO sets are becoming more expensive over time thanks to "high collectible value" combined with declining supply, the report said. Most LEGO sets are retired after a few years.
LEGO prices are relatively unaffected by the stock market, according to the study, and rose during the 2008 financial crisis.
The study's author said LEGO bricks could be just as valuable an investment as jewelry, antiques or other works of art. A large set had a return of 2,230% over eight years, according to the study.
LEGO prices rose during the COVID-19 pandemic as children and adults used the sets to cope with long-term stays at home.
The best investments are "themed sets" based on famous buildings, holidays or entertainment franchises such as Star Wars. Among the most expensive models are replicas of the Millennium Falcon, the Imperial Star Destroyer and the Taj Mahal.
"Tens of thousands of offers are made on the LEGO secondary market," said Professor Victoria Dobrynskaya. "Even taking into account the low prices of most sets, this is a huge market that is not known to traditional investors."
Only the sale of new unopened kits was studied.
Source: First Theme
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